Analysis of the three inputs below determine the appropriately tailored balance. Balance is essential in navigating the investment environment where the only true constant is change.
Ever-changing macroeconomic factors influence our biases and underscore the importance of alternating the emphasis of a portfolio’s power amongst three broad classes of assets. We constantly evaluate the vehicles within each asset class that support our biases as we strive to fulfill investment objectives and propel toward established goals without taking excessive risk.
(Stores of Optimism)
Domestic and International Common Stocks, Mutual Funds & ETFs
(Stores of Income)
Corporate, municipal and government bonds, both domestic and international, both individual and pooled securities
(Stores of Value)
non-traditional asset classes
Projected Returns =
Corporate Earnings + Inflation + Dividends + Multiple Expansion / Contraction
Interest Rates – Low vs. High
Fed – Accommodative vs. Restrictive
Economy – Growth vs. Contraction
Spreads – Tight vs. Loose
Full Valuation of Traditional Asset Classes